Toyota is sending jobs BACK to the U.S.
Toyota's president acknowledged that shifting production abroad may be inevitable to ward off damage from a rising yen, a reversal of course for the Japanese automaker.
Toyota Motor Corp. President Akio Toyoda made the comments in a New Year's message posted Friday on the company's website. He promised to outline in April his plan to revamp management and regain trust after the global massive recalls that battered Toyota's once pristine image for quality.
Under the new strategy, it may also become necessary to move production to eke out profit amid currency rate fluctuations, he said, while noting that such decisions will be made carefully.
"But if profits cannot be achieved, then we have no choice but to realistically consider the option of shifting production," Toyoda said.
It's a double edged sword. More Americans working for a foreign manufacturing, but at a good wage, no unions. I'm torn.